[unable to retrieve full-text content]The Shenzhen factory of Stanley Black & Decker, a major US tool and household hardware maker, has closed up shop and laid off all of its 1,000 workers after 25 years of operations – reflecting the changing business environment in the world’s second-biggest economy.Last week’s closure of the American company’s wholly-owned China unit, Stanley Black & Decker Precision Manufacturing (Shenzhen), marked the latest retreat by a manufacturing business from Shenzhen amid rising labour and land costs in…
He Huifeng considers the following as important:
This could be interesting, too:
Mike Shedlock writes New Home Sales Continue to Surge
Mike Shedlock writes Advance Indicators: Wholesale and Retail Inventories Up, Trade Deficit Up
Mike Shedlock writes Question of the Day: Bad Deal on Fish or No Deal on Fish?